今天您应该购买狗狗币（DOGE）而不是比特币（BTC）吗？

狗狗币（加密货币：DOGE）最初创建于 2013 年，是对比特币的模仿，并以柴犬命名，在过去 12 个月里价格上涨了四倍多。

Bitcoin (CRYPTO: BTC) price has more than doubled over the past 12 months and is trading within spitting distance of its all-time high. Approvals of its first spot price exchange-traded funds (ETFs) in January, its halving in April, two interest rate cuts, and Trump's election victory brought back a stampede of bulls.

比特币（CRYPTO：BTC）价格在过去 12 个月中上涨了一倍多，目前交易价格距离历史高点仅一步之遥。一月份批准了第一只现货价格交易所交易基金（ETF），四月份减半，两次降息，以及特朗普的选举胜利，引发了多头的蜂拥而至。

But Dogecoin (CRYPTO: DOGE) -- which was originally created in 2013 as a parody of Bitcoin and named after a Shiba Inu dog -- has more than quadrupled during the past 12 months.

但狗狗币（加密货币：DOGE）——最初是在 2013 年作为比特币的模仿而创建的，并以柴犬命名——在过去 12 个月里价格上涨了四倍多。

In the past, Dogecoin's price was often driven by Elon Musk's unpredictable tweets about the cryptocurrency. He even made Dogecoin acceptable for payment at his car company, Tesla, for certain purchases in 2022.

过去，狗狗币的价格往往是由埃隆·马斯克关于加密货币的不可预测的推文推动的。他甚至允许狗狗币在他的汽车公司 Tesla 中用于 2022 年某些购买的支付。

Dogecoin's latest rally was mainly fueled by Trump's election victory. The rally amped up after Trump said he would appoint Musk and Vivek Ramaswamy to lead the planned Department of Government Efficiency (DOGE) to root out wasteful government spending.

狗狗币最近的上涨主要是由特朗普的选举胜利推动的。在特朗普表示他将任命马斯克和维韦克·拉马斯瓦米领导计划中的政府效率部（DOGE）以根除浪费的政府支出后，涨势加剧。

That news -- along with Trump's pro-crypto stance -- helped Dogecoin outperform Bitcoin. So should investors buy this smaller meme coin instead of Bitcoin today?

这一消息以及特朗普支持加密货币的立场帮助狗狗币跑赢了比特币。那么，投资者今天应该购买这种较小的模因币而不是比特币吗？

The similarities and differences between Dogecoin and Bitcoin

狗狗币和比特币的异同

Dogecoin was created from the open source code for Litecoin, another token that was previously forked, or split off, from Bitcoin's blockchain.

狗狗币是根据莱特币的开源代码创建的，莱特币是之前从比特币区块链中分叉或分离出来的另一种代币。

Just like Bitcoin and Litecoin, Dogecoin's tokens were mined with the energy-intensive proof-of-work (PoW) consensus mechanism. But to differentiate itself from other PoW tokens, Dogecoin's developers launched a new hashing algorithm called Scrypt, which consumed less power and processed transactions at a faster rate.

就像比特币和莱特币一样，狗狗币的代币是通过能源密集型工作量证明（PoW）共识机制开采的。但为了与其他 PoW 代币区分开来，狗狗币的开发人员推出了一种名为 Scrypt 的新哈希算法，该算法消耗更少的电量并以更快的速度处理交易。

That upgrade attracted the attention of online supporters, who dubbed themselves the "Doge Army," as well as high-profile investors like Musk, Mark Cuban, Snoop Dogg, Kevin Jonas, and Gene Simmons.

这一升级吸引了自称为“总督军”的在线支持者以及马斯克、马克·库班、史努比狗狗、凯文·乔纳斯和吉恩·西蒙斯等知名投资者的注意。

As a result, Dogecoin's price soared to an all-time high of $0.73 on May 8, 2021 -- which represented a 47,279% gain from its earliest trading price of $0.001540753 on Jan. 23, 2014. That rally would have turned a $10,000 investment into $4.7 million.

结果，狗狗币的价格在 2021 年 5 月 8 日飙升至历史新高 0.73 美元，较 2014 年 1 月 23 日的最早交易价格 0.001540753 美元上涨了 47,279%。这次上涨将变成 10,000 美元的投资470万美元。

Dogecoin has some glaring weaknesses

狗狗币有一些明显的弱点

But today, that same investment would be worth about $2.4 million. Two major challenges prevented Dogecoin from becoming the next Bitcoin or Ethereum.

但今天，同样的投资价值约为 240 万美元。两大挑战阻止狗狗币成为下一个比特币或以太坊。

First, Dogecoin is an inflationary token that doesn't have a supply cap. There are 150 billion Dogecoins in circulation as of this writing, and that supply is growing by about 10,000 tokens per minute. Bitcoin has a maximum supply of 21 million tokens, and 19.8 million of those tokens have already been mined. That scarcity makes Bitcoin more similar to gold and other physical assets than Dogecoin.

首先，狗狗币是一种通货膨胀代币，没有供应上限。截至撰写本文时，流通中的狗狗币数量为 1,500 亿个，并且供应量以每分钟约 10,000 个代币的速度增长。比特币的最大供应量为 2100 万个代币，其中 1980 万个代币已经被开采。这种稀缺性使得比特币比狗狗币更类似于黄金和其他实物资产。

Second, Dogecoin doesn't natively support smart contracts, which are used to develop decentralized apps (dApps), non-fungible tokens (NFTs), and other crypto assets. Proof-of-stake (PoS) blockchains like Ethereum support smart contracts, so they're often valued by the popularity and size of their developer ecosystems. PoS tokens can also be "staked" (locked up) on the blockchain to earn interest-like rewards.

其次，狗狗币本身并不支持智能合约，智能合约用于开发去中心化应用程序（dApp）、不可替代代币（NFT）和其他加密资产。像以太坊这样的权益证明 (PoS) 区块链支持智能合约，因此它们的价值通常取决于其开发者生态系统的受欢迎程度和规模。 PoS 代币还可以“质押”（锁定）在区块链上以获得类似利息的奖励。

By comparison, Shiba Inu, which was created as a parody of Dogecoin in 2020, is an Ethereum-based PoS token that supports staking and smart contracts.

相比之下，2020 年模仿狗狗币创建的 Shiba Inu 是一种基于以太坊的 PoS 代币，支持质押和智能合约。

Simply put, Dogecoin's blockchain is faster than Bitcoin's, but its inflationary nature will prevent it from becoming as scarce as Bitcoin. Its lack of support for smart contracts also limits its appeal among developers, who would choose Ethereum or other PoS blockchains to develop their apps and tokens.

简而言之，狗狗币的区块链比比特币更快，但其通货膨胀性质将阻止其变得像比特币一样稀缺。它缺乏对智能合约的支持也限制了它对开发人员的吸引力，他们会选择以太坊或其他 PoS 区块链来开发他们的应用程序和代币。

Why Dogecoin isn't a great alternative to Bitcoin

为什么狗狗币不是比特币的绝佳替代品

Dogecoin might be in the spotlight right now, but it's still trading far below its all-time high because it hasn't resolved its most pressing issues. After the current news cycle cools, it will probably give up a lot of its post-election gains.

狗狗币现在可能是人们关注的焦点，但它的交易价格仍然远低于历史高点，因为它还没有解决最紧迫的问题。当前的新闻周期冷却后，它可能会放弃选举后的大部分收益。

Meanwhile, Bitcoin should have more staying power as it becomes the equivalent of digital gold for many investors. Its scheduled halvings, which reduce the rewards for mining in half every four years, should consistently tighten up its supply and buoy its value.

与此同时，比特币应该具有更强的持久力，因为它对许多投资者来说相当于数字黄金。其预定的减半计划每四年将挖矿奖励减少一半，这应该会持续收紧其供应并提振其价值。

More institutional investors could buy Bitcoin, and more inflation-wracked countries could adopt the token as a national currency. Therefore, Bitcoin might not be as exciting or meme-worthy as Dogecoin, but it will probably be a better long-term investment for most investors.

更多的机构投资者可以购买比特币，更多受通货膨胀困扰的国家可以采用该代币作为本国货币。因此，比特币可能不像狗狗币那样令人兴奋或具有模因价值，但对于大多数投资者来说，它可能是更好的长期投资。

Don’t miss this second chance at a potentially lucrative opportunity

不要错过这第二次机会，这是一个潜在的有利可图的机会

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

有没有感觉自己错过了购买最成功股票的机会？那么你就会想听听这个。